Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$149,992$149,992$234,000
Remaining term (yrs)21.021.030.0
Secondary amount$0$84,008$0
Funding fee$0$0$0
Note rate3.810%3.810%7.320%
Blended rate4.660%6.218%7.560%
1st payment$861.18$861.18$1,607.42
2nd payment$0.00$630.06$0.00
Taxes / mo$253.32$253.32$253.32
Insurance / mo$150.00$150.00$150.00
MI / mo$130.75$130.75$46.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,395.25$2,025.32$2,057.54
Cash to close$110,008$26,000$26,000